"Let's peel it off", leaving only one candle

A clean screen, only Candle Stick can help you see the Key Levels and the dynamics of the market around it most clearly.

Key Level: is the main resistance level and is usually drawn from the Weekly timeframe.

Start drawing Key Levels from Weekly Chart, for a long-term view

(The orange line is W, the blue line is D1, the yellow line is H4)

Starting to draw Key Levels from the Weekly chart we will have a more accurate, clear, and long-term view.

See the example below, most of the Key levels are drawn from the old price ranges, when the candle hits, it usually turns.

What are we going to do on the Daily Chart?

After we draw the Key levels at W, the next thing is to define the Key Levels at Daily, one of the most important Time Frames of the people of Price action.

Here we can identify key levels in the short term that are invisible at W. These important Key Levels give us more market entry opportunities known as a Near-Key Level.

What to do on Intraday (H4 & H1)?

At these timeframes, it is mainly to see the reversal signals at Key Levels D1 and W, combined with the difference in Price actions adjacent to the above points, which is negative.

Limit drawing Key levels from these charts, it will be very easy to noise.

However, we can also draw the Key level that we think is important, which is not visible at D1 and W.

Things need to notice :

1. The difference between "Key Level and Near Key Level".

Key levels are very important points, it determines whether the market is long-term up or down.

The Near Term Level is also important for determining the market level in the short term.

2. Don't draw too many Key Levels on the chart:

We just need to take care of the Levels close to us.

Too much drawing leads to noise and cannot be analyzed.

3. Key Levels are not always drawn correctly

Many times it has a negligible number of Pips, it can be adjusted across the previous real body, as long as it is best suited for the Key Levels at current prices.

At the end of each day, we can make adjustments so that the Key Levels are in more precise positions.

4. Literature review for martial arts, practice a lot for the skill before graduation.

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